CAP MOTOR FUEL TAX AT CURRENT RATE.

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View NCGA Bill Details2011-2012 Session
Senate Bill 666 (Public) Filed Tuesday, April 19, 2011
TO CAP THE VARIABLE WHOLESALE COMPONENT OF THE MOTOR FUELS TAX RATE.
Intro. by Forrester.

Status: Ref To Com On Finance (Senate Action) (Apr 20 2011)

Bill History:

S 666

Bill Summaries:

  • Summary date: Apr 19 2011 - View Summary

    Specifies that the variable wholesale component of the motor fuel excise tax may not exceed $0.15 per gallon from July 1, 2011, until June 30, 2013. (Under GS 105-449.80, the rate would be set at 7% of the wholesale price as determined by that statute.)